DEWA Reports Revenue of $3.97 Billion in H1

Dubai Electricity and Water Authority (DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), on Friday said that its first half revenue was $3.97 billion, EBITDA of $1.91 billion, operating profit of $1.01 billion, net profit of $790 million and cash from operations of $2.5 billion.

DEWA’s Vice Chairman, Managing Director & CEO Saeed Mohammed Al Tayer said that the company was committed to be an innovative and sustainable corporation and under the guidance of the wise leadership of Dubai, they were progressing in their journey towards Net Zero Carbon by 2050 and will continue to play a decisive role in Dubai’s rapid progress.

He also said that DEWA reported its strongest-ever financial results for both the second quarter and first half of 2025, a reflection of disciplined execution, growing demand, and their commitment to operational excellence. DEWA has also approved a dividend of $840 million for H1 2025, which is payable in October 2025.

“To date we have invested over $62.62 billion in state-of-the-art infrastructure. Our results demonstrate the resilience of our model and the ability to generate strong returns while advancing Dubai’s sustainable development. Looking ahead, we expect consistent value creation for our stakeholders, supported by Dubai’s economic growth, our robust business model and our sector leading operational benchmarks that are acknowledged to be No 1 globally,” he added.

Capital expenditure during the first half of this year totalled $1.25 billion, covering investment in generation capacity, transmission networks and district cooling infrastructure.

DEWA expects stronger revenue and profit contribution in the second half of the year, considering the seasonal pattern of our business.

The Group remains focused on delivering long-term growth through strategic investments in clean energy, digital infrastructure, and water desalination, in alignment with Dubai’s Green Economy vision.

Operating Performance

In the second quarter of 2025, DEWA’s total energy generation Including Energy import from IPPs soared to a high of 16.9 TWh marking a 10.88% increase from the 15.3 TWh recorded during the second quarter of 2024.

Notably, DEWA generated 3.3 TWh of clean energy during the quarter. This clean energy accounted for 19.46% of the total energy generated in Q2 2025. DEWA is committed to using clean energy to maintain a sustainable generation mix to meet the consistently growing demand.

In addition, DEWA delivered 2.18 TWh from Hassyan power plant and 11.46 TWh from its remaining generation portfolio during the second quarter of 2025.

DEWA experienced a 2.95% increase in its quarterly peak power demand compared to Q2, 2024, reaching 10.545 GW. The quarterly gross heat rate of 7,693 BTU/kWh achieved, represents a stellar 7.01% improvement over the same period from the previous year.

DEWA’s total desalinated water production in the second quarter of 2025 grew by 9.55% compared to the previous year, reaching a record of 40.78 billion Imperial Gallons (BIG). The peak daily desalinated water demand reached 475 MIG which is a 5.87% increase over the same period of the previous year.

At the end of the second quarter of 2025, DEWA served 1,292,487 customer accounts, representing a 4.81% increase in customer accounts from the same period in the last year.